Press Releases

Water and Wastewater Tech Market to See 5.2% Annual Growth Through 2023

October 04, 2018

WELLESLEY, Mass., Oct. 04, 2018–Declining freshwater availability and growing environmental and conservation regulations are helping to boost the global water and wastewater technologies market, according to a report by BCC Research.

The global water and wastewater treatment technologies market is anticipated to grow from $64.41 billion in 2018 to $83.01 billion by 2023 with a CAGR of 5.2% during the forecast period of 2018-2023.

Delivery equipment will be the largest product category, reaching $35.3 billion by 2023 and is anticipated to grow at a CAGR of 5.6% from 2018 to 2023.

Measurement Equipment product category segment is anticipated to grow with the highest CAGR of 6.1% during the forecast period from 2018 to 2023.

“Population growth, increased agricultural production and rapid industrialization in the Asia-Pacific region has resulted in intense pressure in providing water as well as recycling the waste water,” the report notes. “Domestic waste dumping along with the inadequate sanitation infrastructure has made the rivers in the Asia-Pacific region highly polluted. This has created environmental concern across the Asia-Pacific region and the respective country governments are taking initiatives and hence supporting the growth of water and wastewater technologies market.”

Market Restraints Include High Cost of Treatment Systems

The complex technologies and systems involved in water and wastewater treatment means solutions are expensive to implement, the report adds. Systems involved in treatment operations include process purification and separation. A raw water treatment system geared for up to 200 gallons per minute can cost as much as $1.5 million for high-pressure applications. A fully installed zero liquid discharge system which can handle up to 3,000 gallons per minute, meanwhile, can cost up to $50 million.

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